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International Certificate in Banking Risk and Regulation (ICBRR) Questions 91–95 (page: 20)

For which one of the following four reasons do corporate customers use foreign exchange derivatives?

I) To lock in the current value of foreign-denominated receivables
II) To lock in the current value of foreign-denominated payables
III) To lock in the value of expected future foreign-denominated receivables
IV) To lock in the value of expected future foreign-denominated payables

Most loans and deposits in the interbank market have a maturity of:

Beta Insurance Company is only allowed to invest in investment grade bonds. To maximize the interest income, Beta Insurance Company should invest in bonds with which of the following ratings?

Which one of the following four statements on the seniority of corporate bonds is incorrect?

Which of the following statements regarding bonds is correct?

I) Interest rates on bonds are typically stated on an annualized rate.
II) Bonds can pay floating coupons that are directly linked to various interest rate indices.
III) Convertible bonds have an element of prepayment risk.
IV) Callable bonds have an element of equity risk.